State land sales net EUR 766m in 2nd phase

Budapest, April 4 (MTI) – In the second phase of Hungarian sales of state farmland, altogether 180,000 hectares was sold, generating 240 billion forints (EUR 766m) for the treasury, a government official said on Monday.

The state secretary in charge of state land sales, Márton Örs Bitay, told a news conference that in the 6-week period last autumn and the 4-week period this spring, every tenth farmer entitled to purchase land succeeded in the auctions. This means that 10,000 buyers got hold of 19,000 holdings, he added.

The auctions went off smoothly and the average value of land sold exceeded the reference price in a given country by 21-22 percent, he said.

Source: http://mtva.hu/hu/hungary-matters